American Manganese Stock Market Value
| AMYZF Stock | USD 0.09 0 4.44% |
| Symbol | American |
American Manganese 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to American Manganese's otc stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of American Manganese.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in American Manganese on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding American Manganese or generate 0.0% return on investment in American Manganese over 30 days. American Manganese is related to or competes with Generation Mining, Aurelia Metals, Azimut Exploration, Almonty Industries, and Metallis Resources. RecycLiCo Battery Materials Inc., a battery materials company, focuses on developing and commercializing a hydrometallur... More
American Manganese Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure American Manganese's otc stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess American Manganese upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 28.85 | |||
| Value At Risk | (8.75) | |||
| Potential Upside | 8.33 |
American Manganese Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for American Manganese's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as American Manganese's standard deviation. In reality, there are many statistical measures that can use American Manganese historical prices to predict the future American Manganese's volatility.| Risk Adjusted Performance | 0.005 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.99) | |||
| Treynor Ratio | 0.1632 |
American Manganese Backtested Returns
American Manganese secures Sharpe Ratio (or Efficiency) of -0.0024, which signifies that the company had a -0.0024% return per unit of standard deviation over the last 3 months. American Manganese exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm American Manganese's risk adjusted performance of 0.005, and Mean Deviation of 4.12 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.24, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning American Manganese are expected to decrease at a much lower rate. During the bear market, American Manganese is likely to outperform the market. At this point, American Manganese has a negative expected return of -0.0147%. Please make sure to confirm American Manganese's total risk alpha and the relationship between the skewness and relative strength index , to decide if American Manganese performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.07 |
Very weak reverse predictability
American Manganese has very weak reverse predictability. Overlapping area represents the amount of predictability between American Manganese time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of American Manganese price movement. The serial correlation of -0.07 indicates that barely 7.0% of current American Manganese price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
American Manganese lagged returns against current returns
Autocorrelation, which is American Manganese otc stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting American Manganese's otc stock expected returns. We can calculate the autocorrelation of American Manganese returns to help us make a trade decision. For example, suppose you find that American Manganese has exhibited high autocorrelation historically, and you observe that the otc stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
American Manganese regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If American Manganese otc stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if American Manganese otc stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in American Manganese otc stock over time.
Current vs Lagged Prices |
| Timeline |
American Manganese Lagged Returns
When evaluating American Manganese's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of American Manganese otc stock have on its future price. American Manganese autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, American Manganese autocorrelation shows the relationship between American Manganese otc stock current value and its past values and can show if there is a momentum factor associated with investing in American Manganese.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in American OTC Stock
American Manganese financial ratios help investors to determine whether American OTC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in American with respect to the benefits of owning American Manganese security.